This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The above figure shows the cost curves for a typical firm in a competitive market. From the graph, ... (Read 96 times)

crazycityslicker

  • Hero Member
  • *****
  • Posts: 537
on: Jul 1, 2018
The above figure shows the cost curves for a typical firm in a competitive market. From the graph, estimate the firm's profits when price equals 10 per unit.
 
  What will be an ideal response?

Question 2

A physical examination is NOT a good screening device for life insurance companies if
 
  A) life-threatening diseases are usually undetected.
  B) doctors cannot be easily bribed to write a good report.
  C) medical history is a good predictor of life expectancy.
  D) one's current state of health is a good predictor of life expectancy.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cupcake16

  • Sr. Member
  • ****
  • Posts: 309
Reply #1 on: Jul 1, 2018
Answer to Question 1

When price = 10, p = MC when q = 60. TR = 600. The AC is just above 8.5, say 8.6. This yields TC = 516. The firm's profit is estimated to be around 84.

Answer to Question 2

A


crazycityslicker

  • Member
  • Posts: 537
Reply 2 on: Jul 1, 2018
Gracias!

parshano

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Typical hand deformities associated with rheumatoid arthritis. Typical hand deformities associated with rheumatoid arthritis.
That politics was always a rough business is shown in this cartoon, which shows Lincoln, assisted by That politics was always a rough business is shown in this cartoon, which shows Lincoln, assisted by
Figure-8s on the toes mobilize joints of the foot. Figure-8s on the toes mobilize joints of the foot.
Apply scissoring between metatarsals and figure-8s on toe joints to mobilize the foot. Apply scissoring between metatarsals and figure-8s on toe joints to mobilize the foot.
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Trapezoidal Rule Graph Trapezoidal Rule Graph
Video: Carpal Tunnel Syndrome

For a complete list of videos, visit our video library